Market Sectors

New Jersey has an unmatched location and a population that developers dream about. It’s no wonder the commercial real estate industry is flourishing and evolving across all segments of the market.

Finance & Capital Markets
PGIM details $64 million acquisition loan to Longpoint for Totowa industrial portfolio

Longpoint Partners LP has secured nearly $64 million in financing for its purchase of more than 448,000 square feet of shallow-bay industrial space in Totowa.

Industrial
Solar Landscape, NSA unveil plans for 8.5 million sq. ft. of rooftop solar on self-storage buildings

Solar Landscape, the Asbury Park-based solar developer, has inked a new partnership that could lead to projects on at least 8.5 million square feet of rooftop space nationally.

Professional Services
REDCOM breaks ground on Middlesex headquarters for road striping business

A road striping company is getting a new headquarters in Middlesex Borough as part of a project that’s now underway by REDCOM Design & Construction.

Retail
Spark Car Wash inks ground lease for new location in Wayne, Goldstein Group says

Spark Car Wash has leased a 1.5-acre site in Wayne for a new location on one of the township’s main retail corridors, brokers with The Goldstein Group announced Monday.

Professional Services
Bussel Realty Corp. adds Doug Jaynes as sales associate with brokerage team

Bussel Realty Corp. has hired Doug Jaynes as a sales associate in its brokerage division, the Edison-based firm announced Monday.

Residential & Mixed Use
MORDEVCO breaks ground on 334-unit rental project at key site in downtown Linden

Construction is underway on a new mixed-use project that will bring 334 apartments to downtown Linden, in what will be another addition to the city’s luxury housing stock.

Retail
P3 Properties sells Galloway retail center for $13.7 million, C&W says

P3 Properties has sold a nearly 107,000-square-foot retail property in the Atlantic County township of Galloway, brokers with Cushman & Wakefield announced Friday.

Government & Public Policy
EDA eyes $10 million grant program to support small businesses buying liquor licenses

State officials are developing a new grant program that would help small businesses defray the cost of a liquor license purchased under a landmark law enacted earlier this year.

Retail
TFE adds three-building, 93,000 sq. ft. retail property in Fair Lawn, in JLL-brokered deal

TFE Properties has expanded to Bergen County with its purchase of nearly 93,000 square feet of retail space on a 6.3-acre site in Fair Lawn, in a deal arranged by JLL.

Office
WCRE: Cherry Hill office building sold in deal with end-user

A private user has purchased a 20,000-square-foot office building in Cherry Hill, in a newly announced deal by Wolf Commercial Real Estate.